| Hi All, The market has undergone some pretty drastic changes as of late so I thought I would send a quick email to keep you up to date. After very low activity for most of 2022 with most listings receiving low interest and sitting on the market for long periods of time before selling, we are now seeing very high buyer interest and many listings going back to setting offer dates and receiving multiple offers. This is primarily due to a combination of 2 things: increasing buyer confidence as consumers adjust to higher interest rates and the end of rate increases, and talk of rates actually decreasing slightly between now and the end of the year. We could even see a 0.25% decrease at the Bank of Canada’s next announcement in April. If rates do come down this will only intensify the effects we’ve seen over the past couple of months and could cause sale prices to increase as a result. This means that if you’re a BUYER it would be beneficial to intensify your search now so that you can hopefully make your purchase before these effects intensify and you end up having to pay more and compete more against other buyers. For SELLERS, now is the time to get your ducks in a row and prepare to get your home on the market! We are already seeing huge success for sellers, and as mentioned above this should continue until the supply of homes on the market increases to balance things out. Don’t miss your window of opportunity while it is here. If you’re thinking about buying or selling in the near future please reach out and we can discuss this in more detail, and make a game plan that works for you! Thank you, |
 Brad D’Ornellas REALTOR® Cell: 289-675-4882 Email: brad@braddornellas.com Website: www.braddornellas.com Royal LePage Frank Real Estate, Brokerage Office: 905-852-3050 38 Brock St. W Uxbridge, ON L9P 1P3 |